Client Strategy & Research

Steven J. Backus –
Vice President – Client Advisor

T: 414.270.2273 / 888.349.1600

Mr. Backus focuses on assisting not-for-profit organizations with their investment needs. He provides important client and portfolio management services to help ensure the highest level of client satisfaction. His involvement carries through all aspects of the investment program and includes investment policy development, asset allocation, investment manager oversight and risk management. He also assists with portfolio transitioning, custodian reviews, investment strategy deployment, performance and ad hoc reporting, and interaction with the firm’s investment research professionals.MORE

Prior to joining Cleary Gull, Mr. Backus worked for Ziegler Capital Management, where he was responsible for maintaining current and establishing new client relationships within the not-for-profit health care and senior living industries. He previously worked for Morgan Stanley as a financial advisor and Strong Capital Management where he was responsible for servicing retail clients.

Mr. Backus is a member of the LeadingAge Association of Wisconsin and chairs the membership committee of Wisconsin Healthcare Financial Management Association. He is a registered investment professional and received a BA in Consumer Science with a concentration in Personal Finance from the University of Wisconsin-Madison.

Mr. Andrew leads Johnson Financial Group’s investment strategy to provide consistent, actionable investment solutions for clients. He has led several investment management and advisory organizations, managing wealth and institutional portfolio assets. Mr. Andrew has more than 26 years of experience in the financial services industry. He has managed portfolio teams managing both equity and fixed income portfolios, as well as led research groups conducting money manager research and due diligence.MORE

Mr. Andrew is the Chairman of the Board of the National Hemophilia Foundation. He is also an adjunct professor for IE University’s graduate finance program, teaching portfolio management. Additionally, Mr. Andrew, served on the Advisory Board for both the University of Wisconsin – Milwaukee, College of Health Sciences, and Marquette University’s Applied Investment Management program. He was also a director for a community development authority and school commission member for St. Charles School.

He has earned the CFA® designation and received a BS in Business and Finance from the University of Minnesota.

Joseph F. Hickey, CFA –
Senior Portfolio Manager

T: 414.291.3857 / 888.349.1600

As Portfolio Manager (PM), Mr. Hickey is responsible for advising institutional and high net worth clients regarding investment policy development, asset allocation and risk management. He monitors portfolios and implements the asset allocation model as customized by clients’ needs and goals. As the head of our Equity Strategy Team, he contributes to Cleary Gull’s strategic and tactical asset allocations. He is responsible for implementing strategy decisions, as determined by the Equity, Fixed Income and Complements Strategy Groups, into client investment portfolios. He is also a member of the firms’ Investment Policy Committee.MORE

Mr. Hickey brings over 30 years of investment industry experience to his role at Cleary Gull. Prior to joining Cleary Gull, Mr. Hickey was Managing Director of Investment Banking with Tucker Anthony Sutro Capital Markets where his duties included syndicating and underwriting the firm’s public and private equity offerings.

He is a Registered Option Principal and a member of both the Chartered Financial Analyst Institute and the Investment Analyst Society of Milwaukee. He is a frequent speaker at investment and business leader forums on topics such as global economics, portfolio management and investment market bubbles. Mr. Hickey received a BS in Economics and his MBA in Finance from the University of Wisconsin – Madison.

Mr. Hickey has a Commercial, Multi-Engine Instrument rating and is an Angel Flight Volunteer.

As Portfolio Manager (PM), Mr. Carroll is responsible for advising institutional and high net worth clients regarding investment policy development, asset allocation and risk management. He monitors portfolios and implements the asset allocation model as customized by clients’ needs and goals. He is a member of our Fixed Income Strategy Group, which approves investment managers and monitors research efforts. He is responsible for implementing strategy decisions, as determined by the Equity, Fixed Income and Complements Strategy Groups, into the investment portfolios of individual clients as well as foundations and endowments.MORE

Mr. Carroll has over 30 years of experience in the investment arena. Prior to joining Cleary Gull, he was a Senior Portfolio Manager with JPMorgan Private Client Services. Other investment experience includes trading distressed securities for Cargill and managing high yield bond funds for AAL Capital Management and Fortis Advisors.

Mr. Carroll earned both an MBA and a BS in Business from the University of Minnesota. He holds the Chartered Financial Analyst (CFA) designation. He is a board member of Prevent Blindness Wisconsin.

Jonathan M. Henshue, CFA, CPA –
Research Analyst

T: 414.270.2255 / 888.349.1600

Mr. Henshue is a member of the firm’s research team, which is responsible for manager selection, manager due diligence and analytics. In this role, he regularly interviews investment managers and conducts on-site due diligence trips to meet with portfolio managers, analysts, traders and other key professionals. His research focuses on the analysis of a firm’s investment team, ownership structure, investment process, risk management, trading and culture. He is a member of the firm’s Equity Strategy and Complements Strategy Groups.MORE

Prior to joining Cleary Gull, Mr. Henshue held the position of Senior Financial Analyst at MillerCoors where he was responsible for the financial reporting of commodity hedges. He previously worked at CliftonLarsonAllen as a Senior Associate.

Mr. Henshue graduated magna cum laude from the University of Wisconsin-Milwaukee with undergraduate degrees in Finance and Accounting, and a Masters degree in Professional Accounting. He holds the Chartered Financial Analyst (CFA) designation, is a member of the CFA Society of Milwaukee, and is a licensed CPA in the State of Wisconsin.